Offshore staff
SINGAPORE — Jadestone Energy has tested the fourth well in a current program of infill drilling at the East Belumut Field offshore Peninsular Malaysia.
To date, three wells have come onstream, producing about 6,200 bbl/d and lifting overall production from the PM323 PSC to about 8,800 bbl/d.
Operations continue on the fourth well, which has tested at 1,700 bbl/d in recent days.
The Naga-2 jackup rig will now complete drilling of the second well, which was temporarily suspended due to fluid losses. It should reach total depth later this month.
Although the extra work will push up the drilling costs, the overall outlay for the campaign should be recovered due to the higher than anticipated rates of production seen from the wells drilled, Jadestone said.
11.13.2023
